eClerx Services: This BPO company’s stock surged by nearly 50% in three days reaching a new lifetime high after its Q4FY21 results. Revenues jumped by 30% YoY to Rs 480 crore, and net profits doubled to Rs 99 crore. EBITDA margins were at 33%, and the management said margins would be maintained above 30% in the coming quarters. 

Bata India: Brokers are positive on this footwear maker as the country begins to unlock. Edelweiss in a note, maintained its ‘Buy’ rating on its stock despite a near washout in the past two months due to the pandemic. The brokerage cited the company’s wide distribution reach and focus on cost controls. The company’s cost of production dropped by 7% QoQ in Q4FY21.

ICICI Prudential Life Insurance Company: This Nifty50 life insurer is being lifted up by the rising tide despite poor quarterly numbers. In the past month, its stock gained 5% against the benchmark index’s gain of 6%. In Q4FY21, it reported a 25% decline YoY in revenues to Rs 735 crore, and a 65% drop in net profits to Rs 62 crore.

Zensar Technologies: This software company’s institutional investors divested part of its stake bringing in a foreign institutional investor (FII) and two domestic institutional investors (DIIs). British private equity firm Apax Partners sold 11.4% of its stake for Rs 760 crore via a bulk deal on Monday, June 14. In corresponding bulk deals, Goldman Sachs purchased 25 lakh shares for Rs 76 crore, DSP Mutual Fund purchased 42.5 lakh shares for Rs 125 crore, and Nippon India Mutual Fund purchased 16.5 lakh shares for Rs 48.6 crore.

Westlife Development: The McDonald’s master franchisee operator in south and west India’s stock is down by 7.4% in one week despite parts of the country partially unlocking. Amid this fall, promoters are selling shares. In one week, the promoter group sold 13.1 lakh shares for Rs 64 crore via four market sales. Last month, its domestic institutional investor SBI Mutual Fund sold 3.3 lakh shares, lowering its stake in the company by 0.2%.